Solving Data and Integration Problems in Financial Services with Kyle Van Pelt

Sep 13, 2022

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Data is at the heart of every organization, and the ability to effectively collect, store, and analyze data is critical to success. Yet, for many financial firms, data is scattered across different silos, making it difficult to get a comprehensive view of their customers and business operations. While data can only be useful if properly organized and accessible, how can financial services integrate data to power applications, analytics, and decision-making?

In this episode, Jack talks with Kyle Van Pelt, Chief Executive Officer at Milemarker. Kyle joined Milemarker through Skience, where he was the Executive Vice President of Sales. Before his role at Skience, Kyle was a Solutions Manager at SS&C Advent and the Vice President of Partnerships at Riskalyze. His wealth of knowledge in the financial services industry and his passion for technology position him as the right leader to take Milemarker into its next era of growth and development.

Kyle talks with Jack about how he developed expertise in financial services, what sets Milemarker apart from other advisory platforms, and how to make multi-account unified managed households a reality.

Key Takeaways

[01:03] - How Milemarker helps clients and advisors.
[02:57] - How Kyle developed expertise in financial services.
[06:23] - The source of Kyle's motivation and enthusiasm.
[08:55] - What sets Milemarker apart from other advisory platforms.
[12:20] - Milemarker's ideal clients.
[15:25] - What Milemarker has in store for the future.
[19:22] - Kyle's thoughts on the trends to pay attention to for financial firms.
[21:47] - Making multi-account unified managed households a reality.
[28:59] - Kyle's three key takeaways.
[31:09] - How Kyle serves his community.

Quotes

[08:13] - "I have a thirst for learning about things. I have an addictive personality, and once something gets into my brain, I have to know as much about it as possible. And that's the DNA inside of me." ~ Kyle Van Pelt

[09:29] - "There's about 80% that every firm shares in common. And then there's this 20% of an advisory firm's business that makes the firm unique." ~ Kyle Van Pelt

[20:20] - "You can't have personalization without proper data. If the data are in different silos and all over the place, it's hard to do any level of personalization." ~ Kyle Van Pelt

[24:04] - "The best thing that can happen for unified managed household, personalization, etc., is for people to pick their core competency, the thing they’re really great at, the part of the stack they want to own, and own it.” ~ Kyle Van Pelt

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